SINO - Sino-Global Shipping America, Ltd - Amazing trade today currently up +4.63 (33%), it was up as high as $5.82 today about 42% on the day alone! If you didn’t read last nights blog CHECK HERE.

KYUS another high flyer, hit a high of $3.98!! Congrats to anyone/everyone who has played. It may want to test $4 again, but if it can’t make it … gravity may kick in and we’ll see sub $3 extremely quickly. IT IS POSSIBLE HOWEVER that more mailers end up hitting and push this thing over $4 for even more of a squeeze, since there hasn’t been to much of a battle to date between long and shorts (the only battle the shorts lost). If this can break back over $3.90 and take out $4 this may head into tomorrow and squeeze out of open and top out tomorrow… or at times the last half hour of the trading day are the most brutal.

The play in my opinion is to take profits (at least 75% of them - or 3/4 your posistion) watch for it to consolidate and chase back once it confirms to be running again - thats only if you want in though. My thought is to become a spectator with a small portion of your shares left - the easy parts over now its going to be a long/short battle and the risk is greater. I’d rather have 1/4 left, chase back if it really starts running instead of having a full posistion have it start to sell off and compete with every other trader racing for the exits.

IDGI met a bit of risistance today at .91 - be very careful with this one… if you didn’t read the previous post regarding it please do so HERE.

Other stocks of interest: SATC PSPW.OB GSPA.OB

Off Bottom Stocks of Interest:

FMD

I will have more scans tonight, good luck and good trading.

Tags: FMD, GSPA, IDGI, KYUS, SINO

This entry was posted on Thursday, May 22nd, 2008 at 2:40 pm and is filed under Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.